FORECAST BY MARIUS GHISEA- GBP/USD (December 7- 11)

If the GBP/USD currency pair breaks out of its range at 1.5160, it will go up around 1.53. The price will break EMA 200 on 8 hour chart, at 1.5254. Other confirmation of uptrend in the medium term is the channel formed until around 1.53.

GBPusd8h

The daily chart on GBP/USD is correlated with 8 hour chart. According to the MACD on the daily chart, the GBP/USD currency pair will rise in the medium term. When the price reaches EMA 15 at 1.5113, this is confirmation of uptrend. In this case, the GBP/USD will go up until at least 1.5254 where is Fibo 0.50.

gbpusddaily

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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